Tag Archives: CNBC

I find it amusing to see how easy folks seem to throw out labels to describe President Obama’s actions in a time when the jig is up so to speak…

Wall Street’s creative accounting procedures finally came to an ugly head … the once epic documentary House of cards by David Faber on Cnbc was a cruel reminder and or an awakening at how greed affects the mind, it was a truthful documentation of the nasty journey our economy took … for whom, by whom and how it (they) brought all of us down with them knowing the Government would pay for it all … Unfortunately, the current movie doesn’t look at all like the one I watched shortly after our financial system collapsed

And

If we have to subscribe to labels … call me a Marxist who believes in Socialism at this time… We need someone who cares, who is socially responsible and who believes the gap between the haves and have none needs to shrink; school me …what can be wrong with caring for all the people of the US … not just the one percent… especially since that one percent has been wheeling and dealing starting from the house of bush and trickled down to main street . You have to admit it is time for a change.

Obama is not a socialist or a Marxist … he is a centrist, a person whose political opinions are not extreme: a person whose beliefs fall between those of liberals and conservatives

In June, Media Mattersreleased a report showing that business news channelCNBC had cast doubt on science in more than half of its 2013 climate change coverage. [1] As the first analysis of its kind, the report was a wake-up call: by regularly denying climate science, CNBC was falling short of its core mission of providing “fast, accurate, actionable, [and] unbiased” business news to its viewers.

Four months after first sounding the alarm, Media Matters conducted a follow-up study to see if CNBC had adjusted its coverage. [3] Remarkably, we found that climate denial at the network actually increased, rising from 51 percent to 55 percent of climate reporting. Worse, one-third of the segments that did accurately report the science occurred during a limited “special week of climate coverage” on Worldwide Exchange, which airs at 4 AM ET. [4]

Scientists overwhelmingly agree that climate change exists, and more and more businesses are deciding that they can’t afford to wait and see. According to a recent study, more than 70 percent of companies think climate change can significantly affect their revenues—and many are already hedging against the risk. [5] In fact, businesses are becoming leading climate advocates: more than 650 major U.S. companies have already signed a letter calling for stronger federal clean energy laws [6], and just last month, nearly two dozen leading U.S. businesses announced support for carbon pollution standards proposed by the Environmental Protection Agency for new power plants. [7]

In business, there’s a clear trend toward taking climate science seriously—but on CNBC, there’s a clear trend toward dismissing and distorting it. As a network that prides itself on serving the information needs of the business community, CNBC is failing its viewers and damaging its reputation by rejecting science.

Last month, we sent a letter to CNBC, offering to help develop a plan to gradually improve its climate reporting. The network dismissed this outreach.

CNBC has had multiple opportunities to address its climate denial problem, but has only let it get worse. At this point, the network can no longer claim ignorance: CNBC is intentionally misleading its viewers about climate change, and it needs to stop.

To push back, Media Matters will charter a fleet of fuel-efficient mobile billboards to blanket major U.S. financial districts with ads calling out CNBC for denying climate science.

“If Congress does nothing, every family in America will see their taxes automatically go up at the beginning of next year,” the President said. “A typical middle-class family of four would see its income taxes go up by $2,200. That’s $2,200 out of people’s pockets. That means less money for buying groceries, less money for filling prescriptions, less money for buying diapers. It means a tougher choice between paying the rent and paying tuition. And middle-class families just can’t afford that right now.”

To help find an agreement President Obama pledged to keep up the pressure — meeting with lawmakers, labor leaders, and business executives. And he called on the American people to speak up and add their own voices to the debate.

Here are some of the top stories from the White House blog:President Obama Welcomes Mexico President-Elect Enrique Peña Nieto
Yesterday afternoon, President Obama welcomed Enrique Peña Nieto, the President-elect of Mexico, to the Oval Office.Giving Tuesday
America has a tradition of generosity. Yesterday was Giving Tuesday, a new nationwide effort to raise attention and motivate action for the common good. It’s a trend worth encouraging.

Fighting Human Trafficking in Cambodia
On each leg of his trip to Southeast Asia this week, President Obama raised with foreign leaders one of his priority human rights issues: ending human trafficking, a form of modern-day slavery

Thanks to the women in this room and people all across the country, we worked really hard — and it’s now been more than three years since Congress passed the Affordable Care Act and I signed it into law. It’s been nearly a year since the Supreme Court upheld the law under the Constitution. And, by the way, six months ago, the American people went to the polls and decided to keep going in this direction. So the law is here to stay.

I’ll do everything in my power to make sure nothing like this happens again by holding the responsible parties accountable, by putting in place new checks and new safeguards, and going forward, by making sure that the law is applied as it should be — in a fair and impartial way.

They exemplified the very idea of citizenship — that with our God-given rights come responsibilities and obligations to ourselves and to others. They embodied that idea. That’s the way they died. That’s how we must remember them. And that’s how we must live.